The Electricity Generation Market supplies electricity. Power generation is carried out by the means of conventional/non-renewable and renewable sources of energy. While fossil fuels dominated global energy generation capacity, alternative power sources have been witnessing growing adoption over the past few years. Increasing demand for electricity has fueled power generation activities. Conventional power sources comprise fossil fuels and nuclear power, while renewable sources of energy include traditional biomass, hydropower, biofuels, solar, wind and geothermal among others.

Electricity Generation Methods

Mechanical – turn a generator

Photovoltaic Cell – Solar Cell

Electrochemical Cell – Fuel Cell

Consumption of Electricity Generation by Energy Source: 2016 (EIA)

Electricity Generator

Electricity generation is the process of generating electric power from sources of primary energy. For electric utilities in the electric power industry, it is the first stage in the delivery of electricity to end users, the other stages being transmission, distribution, energy storage and recovery, using pumped-storage methods.

Fuel Types

Gasoline

Diesel

Natural Gas

Wind, Solar Panels

Power Stations

A power station, also referred to as a power plant or powerhouse and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Most power stations contain one or more generators, a rotating machine that converts mechanical power into electrical power.

Fuel Types

Natural Gas

Coal

Nuclear

Hydroelectric

Solar

Wind

Biomass

Magnetic Renewable Generator

The Magnetic Renewable Generator will replace the standard producer of electricity generation.